Question

What are the primary advantages to owning a franchise? Select all that apply.

a) The franchisor provides brand-name recognition and marketing plans.
b) Franchises are inexpensive to start up and run.
c) The franchisor assumes all the risk in the business.
d) The franchisor provides training, management assistance, supplies, and a product.
e) Franchisees keep all their profits for themselves.

Answer 1

Answer: A AND D

Explanation:

Answer 2

A Franchise refers to a joint venture between the Franchisor and the  Franchisee.

• The Franchisor is the original business owner who sells the right to use its business name and idea

• Basically, franchise provides the opportunity to buy into a successful business model which has track record, solid supply chain and expert technical support.

In conclusion, the primary advantages includes its provides brand-name recognition, marketing, training, management assistance, supplies, and a product.

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